Bikaji to acquire majority stake in Ujjain-based Ariba Foods

Bikaji Foods International announced the acquisition of a 55% equity stake in Ariba Foods, a leading Ujjain-based company specializing in snacks and frozen foods, including samosas, naans, parathas, and sweets. This strategic investment, totaling Rs 60.49 crore, will enable Bikaji to enhance its frozen food production capabilities and expand its market presence.